IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) major shareholder Fibre Devices Ltd Ip sold 12,202 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $95.18, for a total value of $1,161,386.36. Following the completion of the sale, the insider owned 6,424,100 shares of the company’s stock, valued at $611,445,838. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Fibre Devices Ltd Ip also recently made the following trade(s):
- On Wednesday, August 5th, Fibre Devices Ltd Ip sold 18,111 shares of IPG Photonics stock. The stock was sold at an average price of $96.12, for a total value of $1,740,829.32.
- On Friday, July 31st, Fibre Devices Ltd Ip sold 27,000 shares of IPG Photonics stock. The shares were sold at an average price of $85.81, for a total value of $2,316,870.00.
- On Monday, June 29th, Fibre Devices Ltd Ip sold 65,700 shares of IPG Photonics stock. The shares were sold at an average price of $103.64, for a total value of $6,809,148.00.
IPG Photonics Trading Up 4.1%
Shares of NASDAQ IPGP opened at $90.23 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 138.82, a PEG ratio of 2.44 and a beta of 0.96. IPG Photonics Corporation has a one year low of $71.38 and a one year high of $155.82. The business has a fifty day simple moving average of $104.64 and a 200 day simple moving average of $111.67.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on IPGP. Roth Capital reissued a “buy” rating and issued a $151.00 target price on shares of IPG Photonics in a research note on Tuesday, May 19th. Citigroup raised their price target on shares of IPG Photonics from $105.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Zacks Research downgraded IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus dropped their target price on IPG Photonics from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.20.
View Our Latest Report on IPGP
Institutional Investors Weigh In On IPG Photonics
Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of IPG Photonics during the 2nd quarter worth about $334,429,000. Pallas Capital Advisors LLC acquired a new position in IPG Photonics in the second quarter valued at about $644,000. Deutsche Bank AG acquired a new position in IPG Photonics in the second quarter valued at about $285,000. Rice Hall James & Associates LLC bought a new stake in IPG Photonics during the second quarter worth about $3,519,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in IPG Photonics during the second quarter worth about $705,000. Institutional investors own 93.79% of the company’s stock.
About IPG Photonics
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
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